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The latest and biggest crypto news about how Bitcoin, blockchain, DeFi, and Web3 are shaping our world. Global: https://t.me/addlist/pIGS3a3VQZllNzIy Community: @telochat_en Twitter: twitter.com/Telo_Official For ads: ad@telo.news

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Telo News - Crypto | DeFi | Web3

President Donald Trump claimed the U.S. is collecting $2bn per day from tariffs.

According to the Treasury, customs duties totaled around $7.25bn for the month of February.

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Starting today, the 104% tariffs on Chinese exports to the U.S. take effect.

In response, Chinese economists expect Beijing to retaliate with matching 50% tariffs. However, they note the impact may be limited, as Chinese goods already face over 70% in cumulative U.S. duties imposed since Trump’s first term.

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The U.S. Department of Justice is shutting down its crypto-focused investigative unit, shifting its attention to prosecuting individuals who target digital asset investors.

Exchanges, mixers like Tornado Cash, and offline wallets will no longer be the primary focus.

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Treasury Secretary Scott Bessent said up to 70 countries have already reached out to President Donald Trump to negotiate new trade deals.

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Galaxy Digital, currently listed on the Toronto Stock Exchange, secured SEC approval for U.S. listing, advancing its plan to move its corporate base from the Cayman Islands to Delaware and list shares on Nasdaq under the ticker “GLXY.”

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Binance founder CZ has been appointed as Strategic Advisor to the Pakistan Crypto Council, aiming to support regulation, education, and crypto adoption.

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Telo News - Crypto | DeFi | Web3

Binance released its 29th Proof of Reserves, revealing a decline in assets.

⚫️ BTC: 101%—down 15.5k BTC (-2.48%) from 628.25k to 612.68k BTC
⚫️ ETH: 100%—down 152k ETH (-2.71%) from 5.62m to 5.47m ETH
⚫️ USDT: 104%—down 1bn USDT (-3.67%) from 29.4bn to 29.3bn USDT

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Telo News - Crypto | DeFi | Web3

On the first week of April, all Magnificent Seven stocks are down year-to-date and underperforming the S&P 500—a complete reversal from their strong performance in 2023 and 2024.

Meta (META): -13.7%
Microsoft (MSFT): -14.5%
Amazon (AMZN): -22.1%
Google (GOOGL): -23%
Apple (APPL): -24.7%
Nvidia (NVDA): -29.8%
Tesla (TSLA): -40.7%

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Hong Kong now permits licensed crypto platforms and ETFs to offer staking services, according to new guidance from the Securities and Futures Commission.

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Bitcoin mining difficulty reached a new all-time high of 121.51T.

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Over $1bn was liquidated in the past 24, including over $865m in long positions, as Bitcoin saw a sharp drop from over $83,000 to below $77,000.

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FTX has disqualified 392,000 customer claims after users failed to begin verifying their identities by a March 3 deadline, potentially wiping over$2.5bn in claims.

FTX creditor advocate Sunil Kavuri estimates that $655m in claims under $50,000 and another $1.9m in larger claims are subject to disqualification based on KYC violations.

FTX will begin repaying major creditors on May 30.

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Telo News - Crypto | DeFi | Web3

The U.S. stock market lost $3.5tr in just two days, with the S&P500 dropping over 8%—its largest 2-day decline since the 2020 pandemic.

The Nasdaq 100 has officially entered bear market territory.

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Telo News - Crypto | DeFi | Web3

China has announced a 34% tariff on U.S. goods, set to take effect on April 10.

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Binance Pay now uses Circle's USDC stablecoin as its default currency for all new users.

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The self-custodial TON Wallet will become available to U.S. users in Q2 2025.

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Ripple is acquiring crypto-friendly prime broker Hidden Road for $1.25bn in a deal involving cash, XRP, and stock.

The acquisition is set to close in the coming months, with founder Marc Asch continuing to lead the prime brokerage division.

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The U.S. Chamber of Commerce is considering suing the Trump administration to block new global tariffs, pressured by major corporations wary of public backlash.

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A Nigerian court has postponed the tax evasion case against Binance to April 30, giving tax authorities time to respond to the company’s legal motion.

The Nigerian Federal Inland Revenue Service accuses Binance of failing to pay corporate income tax, claiming over $2bn in unpaid taxes and $79.5bn in economic losses.

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Donald Trump has threatened to impose an additional 50% tariff on Chinese goods starting April 9 in response to China’s countermeasures.

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Telegram officially announced that users will be able to convert stickers into NFTs starting April 7 at 13:00 UTC.

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The Chinese stock market plunged 10% at the open, marking its worst single-day crash since 2008.

In response, China is reportedly considering stimulus measures to counter Trump’s proposed tariffs.

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Taiwan imposed a temporary ban on short selling after the market dropped 12% since the start of April 2025, amid a 32% U.S. tariff.

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BTC dropped below $75,000 for the first time in five months, while ETH fell past the $1,500 mark—its lowest level since March 2023.

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The ETH/BTC trading pair hit its lowest level since March 2020.

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💌💌💌💌💌
This week's crypto market highlights:

Strategy buys 22,048 BTC for $1.92bn
Tether adds 8,888 BTC, now sixth-largest holder
GameStop raises $1.48bn to buy Bitcoin
Trump announces global tariff measures
CoinList returns to U.S. after five years
China imposes 34% tariff on U.S. goods
OKX fined $1.2m by Malta FIAU
FTX disqualifies 392k customer claims

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Tether CEO Paolo Ardoino said the company is actively considering creating a new stablecoin that will comply with pending U.S. regulations, rather than adapting USDT.

Ardoino explained that USDT will continue to focus on serving emerging markets, while the new stablecoin would cater to the U.S. market. He said in the long term, he pictures a future where USDT is not a major player in either U.S. and Europe.

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Malta’s Financial Intelligence Analysis Unit (FIAU) has fined OKX €1.1m (~$1.2m) for serious and systemic breaches of anti-money laundering rules.

The violations were uncovered during a compliance inspection conducted in April 2023.

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Wintermute, Binance’s biggest market maker, is accused of using a strategy resembling a pump-and-dump—buying tokens early at a discount, selling at the peak, crashing the price, then buying back cheap. The 53% drop in ACT token is cited as an example.

Only 3 of 27 tokens launched on Binance in 2025 are in profit, with an average loss of 44%. Wintermute also reportedly made $3m by buying 31m FDUSD after it briefly depegged to $0.87 on fake insolvency news.

Wintermute and Binance trading volume is $34.54bn monthly.

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Telo News - Crypto | DeFi | Web3

Since 2015, Bitcoin's hashrate and price (up to $100k) have moved in tandem, with hashrate recently reaching a new all-time high of 850m TH/s.

Since January 2025 alone, the BTC hashrate has surged by 50%.

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